The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The rate of expansion is very impressive, the vapes must be selling and Callum is able to prove they are selling otherwise W H Smith, Amazon and the major distributors we have signed deals with would not have signed up. The Chill.com platform has barely been up and running a year, sales of vapes began in the USA 8 months and in the UK only 4 months ago. Fast forward 12 months from now and I imagine the sales, profit and SP will be so different from what it is now. Calum’s last sentence from this mornings RNS reads ‘ This is another vote of confidence in our product range and we look forward to demonstrating that Chill ZERO is a serious challenger in the buoyant vape market.’ He is looking forward to demonstrate - I wonder how he is going to do that?
Good morning all, unfortunately it appears that I have been blocked out of the Telegram group this morning and I don’t know why. I would appreciate it if someone could send me a link so I can rejoin again as it might be a glitch with my phone. On the telegram group I use my full name as I have nothing to hide and my initials are DT. I did post this morning but there was nothing in there that warranted a ban. If it’s a condition of been readmitted to the group that I don’t post then I can live with that, I don’t need to post I can keep my comments to myself. I have been invested since HNR days and am very positive about the company. I want to be in the group as I enjoy seeing the videos, reading the twitter links and other people’s views all in one place. Thank you.
This is taken from the last RNS dated 21st June
‘The Company is in the process of negotiating with a number of third-party brands for the assignment of US retail distribution rights. In some cases, these negotiations are expected to result in Chill Brands being granted exclusive retail distribution rights for the relevant products within the United States. This will enhance the service Chill Brands offers to brands while improving its own prospects of generating commissions from product sales made to its retail stores.’
Exclusive retail distribution rights seems very cash generative to me. I don’t think Callum would have included this in an RNS unless he was confident of a positive outcome. These deals do take time of course but that update was released 3 weeks ago today!
Bellers - I know you’ve been here a long time just like me. Not sure how many more buying opportunities like this afternoon are left. I bought my last few shares yesterday, I can never buy at the bottom so not too concerned it’s gone lower, just a bit annoying that’s all 😂
Lynsden, I am very positive about the future for Chill Brands but the U.K. launch of the Chill Zero Vapes is unlikely before the end of July or beginning of August. I also think it unlikely that we will get an update on US sales anytime soon. Maybe tomorrow or next week we will hear that more brands have been added to the Chill.com platform. Until we hear news, the SP may continue to slowly drift downwards, it’s always very hard to predict the bottom although I would like to think we are very close to it now.
Roger I disagree. You say ‘realisation is kicking in hard now’ and in your opinion ‘a slow drip down to 6p and lower in the next month.’ The realisation is that sales in the US both online and in store is taking place and will be in the U.K. most likely in July. Add to that the number of brands on Chill.com is continuing to steadily grow and the realisation that is kicking in IMO is that Callum is very effectively executing the strategic plan in a timely manner. By the year end the company will be cash positive and there is a very good chance a major retailer in both the US and the U.K. will be signed up. Why would this be dripping down to 6p and below? Current volumes are low, less than 700k today.
Just for the benefit of any newbies here. Chill Zero vapes have been sold for past few months in US retail (building up more retail week on week which I'm sure we will get more details of shortly) but launch officially on chill.com in all 50 US states in less than 48 hours.
We've already been told they're selling well and there is no doubt that the vapes alone will turn Chill Brands into a cash cow (not including chill.com maket place and the 25 brands by the end of June and I believe the almost 100 brands by the end of this year!)
We then launch officially in the UK in the coming weeks in both retail and Chill.com (UK) and then move to Europe, Far East and Dubai where the company is attending the global vape conference later this month.
11p or 13p the real prize will be multipes of this imo and dyor as always 😜
https://twitter.com/Eric_S_Schrader/status/1662091646257991680?s=20
Hi Raymond - Vapes all over the news is good news. It educates the masses, what vapes are all about, the healthier option to smoking, illegal to purchase if under 18, the not so compliant companies that don’t accurately publish their ingredients and can also highlight the emergence of nicotine free vapes too.
This is all good news for Chill Brands that is a very responsible and compliant company with a great product, aimed at adults, launching in the U.K. this summer. The summer months as we all know are June, July & August so in theory the launch could be 12 weeks away but it could also be on Monday. You do of course, know all the above.
To Bellers and others who missed last nights interview with Callum. The ProActive interview covered a lot of what was said but a couple of specifics I noted last night was: (1) previously he stated 20-25 brands on the Chill.com site by end of the year, last night he stated 25 in total by the end of this quarter with the ambition to have hundreds on board. (2) cash flow positive by autumn/winter (3) they have ‘an extremely strong pipeline of companies wanting to join chill.com (4) in summary he said ‘ there really truly is a blue sky opportunity’ and ‘we have everything to play for, my message to shareholders is there is everything to play for’
Volume showing just over 50,000, this is a minuscule amount of trading. I’m thinking those that have wanted to sell have sold a while ago and all the top ups are just about complete. I’m thinking only news will generate more interest - not long to wait!
Craigs - very sorry to hear about your sad loss and would like to pass on my sincere condolences. Take care.
2 buys today at 40.5p, both reported as sells and looking at the timings I suggest other reported sells at that time are actually buys. We know it happens a lot and the reason for it but it’s always reassuring to know when 90% of the volume is reported as sells, that it is definitely not the case. IMO the upward trajectory will start again soon.
Having listened to this interview, clearly Covid has hampered the rollout to the expected 3500 stores by the end of July but he seems thrilled to have achieved to have stocked 2500 stores and so should we. With reference to Zoetic he repeatedly talked about a lot of value in the brand and ‘unlocking shareholder value’. This is only me reading between the lines but once the FDA approval is given for Zoetic and the distribution deal which has already been agreed to stock many stores in the U.K. High St but is announced, I don’t think it will be long before that shareholder value is realised. That could be in the form of a partnership or a takeover/buyout/sale. Any thoughts?
Looks like we are heading for a strong finish.